HOW TO FILE INSOLVENCY NOTICES

A registered insolvency practitioner will be able to file insolvency notices against entities that are registered on the MYCO registry. Once you log in to your online account you will land on a client account dashboard. You then have to search for the entity that you wish to file an insolvency notice against. On the entity profile, click 'New Filings' and select 'INS - Insolvency Filings' as the category, there you will see all the available insolvency notices you can file.

During the completetion of the insolvency notice, you will be required to enter in the Insolvency Practitioner (IP) registration number. The system will validate this number to ensure that the IP is "Active" and that the account you are logged in as has authority over the IP. If either of these checks fail, you will see the message "This is not valid". If the number is valid, the IP details will be automatically pulled from the insolvency register as read-only.

HOW TO LODGE AN INSOLVENCY FILING

A registered insolvency practitioner will be able to file insolvency notices against entities that are registered on the MYCO registry. Once you log in to your online account you will land on a client account dashboard. You then have to search for the entity that you wish to file an insolvency notice against. On the entity profile, click 'New Filings' and select 'INS - Insolvency Filings' as the category, there you will see all the available insolvency notices you can file.

During the completetion of the insolvency notice, you will be required to enter in the Insolvency Practitioner (IP) registration number. The system will validate this number to ensure that the IP is "Active" and that the account you are logged in as has authority over the IP. If either of these checks fail, you will see the message "This is not valid". If the number is valid, the IP details will be automatically pulled from the insolvency register as read-only.

HOW TO REGISTER AS AN INSOLVENCY PRACTITIONER

To start the online process to register a business name, you must first have an account. To set up a new account, please see the Business Entity Registry guide or click the Create Account link.

Once you have created your account, you can complete your online application to register an insolvency practitioner. After logging into the registry, select 'INSOLVENCY PRACTITIONERS' from the top navigation bar and proceed to the 'Register as an Insolvency Practitioner' link. After all information is collected, then you will be able to review your work before it is submitted to the Registrar for review.

1. Collect Required Information
   • Name and address of applicant: Complete all mandatory information regarding the applicant details.
   • Addresses: Principal place of business, and additional places of business.
   • Information is support of application: Complete all the mandatory information in support of the application.
   • Confirmations in support of application: Complete all the confirmations in support of the application.
   • Education: Complete the confirmation regarding education, practical training and experience requirements.
   • Signature: 
2. Complete The Online Application
   • Click the Save Draft button if you need to stop.
   • When finished, click on the Complete button.
3. Receive Your Certificate of Registration
   • After your application has been submitted, it will be sent to the Registrar for review. The Registrar may determine that additional information is required. If this is the case, your application will be placed in “pending” status until the information is received. If the information is satisfactory to the Registrar, then your application will be approved and a Insolvency Practitioner Practicing Certificate will be emailed to you. If there are any questions about your application the Registrar will contact you via email.

HOW TO SEARCH FOR AN INSOLVENCY PRACTITIONER

The Insolvency Practitioner Search feature allows a user to search the Registry for information on active practitioners. The basic practitioner search feature is free to all users, and you can find practitioner name, status, renewal date, address and contact information. If you have a client account, any practitioners that you you registered will be displayed as a hyperlink to view addtional information and ability to initiate additional filings.

HOW TO UPDATE AND RENEW YOUR IP REGISTRATION

You will manage your insolvency practitioner via the online system as most paper filings will no longer be accepted by DICA. Once you log in to your online account you will land on a client account dashboard. You then have to click on 'Insolvency Practitioners' from the top navigation menu. Select 'My Practitioner Registration(s)', there you will see the practitioners over which your account has the authority to manage, meaning, submit filings. The person who registered the practitioner automatically has authority to submit future filings for that practitioner. Most filings, including amendments and annual renewals, can only be filed by users that have authority to manage the practitioner. All persons with authority over a practitioner can view all details about the practitioner.

WHAT IS AN INSOLVENCY PRACTITIONER?

An insolvency practitioner is a licensed professional who manages the affairs of individuals or companies that are unable to pay their debts. They act as a liquidator, administrator, or receiver of an insolvent company, or as a trustee for an individual's creditor proposal. Their role is to assess the financial situation, advise on the best course of action, manage the insolvency process, communicate with creditors, and potentially sell assets to repay debts.